Barclays Maintains Overweight on Mondelez International, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Andrew Lazar maintains an Overweight rating on Mondelez International (MDLZ) but lowers the price target from $84 to $80.

April 12, 2024 | 2:25 pm
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on Mondelez International but lowers the price target from $84 to $80.
The adjustment in price target by Barclays reflects a nuanced view on Mondelez International's future performance. While the Overweight rating indicates a positive outlook on the stock, the reduction in price target suggests a tempering of expectations regarding its short-term price performance. This could lead to a neutral short-term impact on the stock as investors digest the implications of the adjusted price target against the backdrop of a still positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100